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Celsius Network Spots Potential Scammers Ahead of Creditors’ Repayment Exercise

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Celsius Network Spots Potential Scammers Ahead of Creditors’ Repayment Exercise

  coinedition.com 3 h

Celsius Network Spots Potential Scammers Ahead of Creditors’ Repayment Exercise

Bankrupt crypto lender Celsius has alerted creditors about scammers looking to defraud them ahead of the company’s repayment exercise. In a recent post on X (formerly Twitter), Celsius advised users who receive suspicious messages to report appropriately to a designated email address.

Remember that Celsius will never call, email, or text you to ask you to share your Celsius password or authentication code.
If you think you have received suspicious messages, report it to [email protected].

— Celsius (@CelsiusNetwork) January 23, 2024

Celsius’ caution to users read:

Remember that Celsius will never call, email, or text you to ask you to share your Celsius password or authentication code. If you think you have received suspicious messages, report it to [email protected].

Celsius warned users after observing several posts on the internet claiming to offer tutorials to Celsius customers on how to claim CEL airdrops from the company. Most posts were from independent bloggers on Medium, the online publishing platform.

One of the identified posts was tagged “Crypto Celsius $CEL Mastery: Claiming Your Share of the Bounty.” Another one was labeled “Celsius Network $CEL Airdrop Full Tutorial: How to claim Celsius Network $CEL token? | by SOLWilliam571 | Jan, 2024.”

Medium flagged both of the referenced posts at the time of writing. Trying to access any of the posts returns an error message. It notifies users that the account is under investigation or found in violation of Medium Rules.

Celsius network ended its bankruptcy case last November following the Court’s ruling allowing it to become a creditor-owned Bitcoin mining company. The restructuring plan also required Celsius to partially repay customers whose accounts had been frozen.

Recent moves by Celsius in the crypto space suggest the repayment exercise is approaching. That further raises the suspicion of scammers trying to exploit unsuspecting creditors willing to get back their funds. The crypto lender’s latest alert cautions users to be more careful to avoid falling for such scams.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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